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RIL-Future deal: BSE to consult Sebi after Amazon's objection, says report

Dispute centres around Future's decision to sell some of its biz to RIL for $3.38 billion

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Amazon on October 25 won an injunction from a Singapore arbitrator to halt Future’s deal to sell retail assets to Reliance

Abhirup Roy & Aditya Kalra | Reuters Mumbai/New Delhi

2 min read Last Updated : Oct 30 2020 | 10:02 PM IST

The BSE will consult the capital markets regulator Securities and Exchange Board of India (Sebi) to seek clarifications regarding Future Retail and Reliance Industries’ $3.4-billion transaction, following Amazon’s objection to the deal, an exchange source said.

Amazon on October 25 won an injunction from a Singapore arbitrator to halt Future’s deal to sell retail assets to Reliance, arguing the Indian retailer group breached certain contract provisions it entered into last year in a separate deal with the US firm.

Both Indian firms reacted to the decision by saying they want to complete the deal “without any delay”. Amazon

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